Indonesia

Malaysia's public pension fund Kumpulan Wang Persaraan (Diperbadankan) [KWAP] said it is pursuing all available avenues to recover its MYR 163.4 million ($39.97 million) investment in Indonesian aquaculture startup eFishery after the company became embroiled in a financial fraud scandal that led to the imprisonment of its former chief executive.

We believe the platforms that will shape the next chapter of wealth management won’t necessarily be the ones serving the most sophisticated investors. They’ll be the ones that bring the most people into the system for the first time and build the trust to keep them there. 

Singapore's Rize, an agricultural technology company working to reduce emissions from rice cultivation, has raised $31 million in a Series B round comprising $20 million in equity and $11 million in debt financing.

Tencent Cloud, the cloud business under Chinese giant Tencent, has expanded its international suite of AI agent solutions to the Indonesian market.

Indonesia state-owned PT Danantara Investment Management (DIM), together with PT Daya Energi Bersih Nusantara (Denera), have designated the selected partners in the selection process for business partners to develop and operate Batch II of Indonesia’s Waste-to-Energy (WtE) or Pengolahan Sampah Menjadi Energi Listrik (PSEL) projects.

State investor Danantara Indonesia has chosen Bali as the first site for its Waste-to-Energy Plant (PSEL) development, as the state investment agency expands its focus on sustainable infrastructure and clean energy projects.

Maybank Indonesia Syariah and Muslim Pro have launched Amanah Pro, an embedded Islamic banking experience that allows users of the Muslim Pro app to open a Shariah-compliant Hajj savings account in minutes through a paperless process.

Xendit, Indonesian payments infrastructure company, announced Wednesday the integration of Dragonpay Corporation, the Philippines’ alternative payments platfomr.

ESR, a Singapore-based real asset owner and manager, and PT MC Urban Development Indonesia (MCUDI), a wholly owned subsidiary of Mitsubishi Corporation, have entered into a joint development agreement to develop two institutional‑grade logistics and industrial facilities in Greater Jakarta.

China's ZTE Corporation has signed a memorandum of understanding with Indonesia's PT Ekamas Mora Republik (MoraRepublic) to explore cooperation in developing Fixed Wireless Access and Fibre-to-the-Home services for residential and enterprise customers across Indonesia.